90803 Market Update: June 2016

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June 2016 Real Estate Market Update for the 90803 Area of Long Beach

The 90803 market update includes the neighborhoods of Belmont Shore, Belmont Park, Belmont Heights, Naples, the Peninsula, Bluff Park, Bluff Heights, Spinnaker Bay and Spinnaker Cove, University Park Estate, and Bixby Village

While May brought peak home prices for much of Long Beach, in 90803, the median May 2016 home price of $915,450 was 20.4% lower than it was last May.

The median sale price of single family homes in 90803 has fluctuated greatly in recent years. At $915,450 in May 2016, the median price has actually dropped 20.4% from a year ago in May. Fluctuations in price are not unusual in 90803 and home prices in the area are still substantially higher than for Long Beach overall. As of May 2016, the median home price in Long Beach was $565,000.

There were 78 active listings in May 2016. Though 90803 has experienced a lot of fluctuation in the number of active listings, the number is up 13% from May 2015 and up slightly from April 2016.

Though inventory in Long Beach is very low, the supply of homes for sale in 90803 is fairly balanced. There was a 4.3 month supply of homes on the market in May 2016, which reflects a 10.3% increase from the year prior in May. Since February 2016, inventory has climbed in 90803.

Condominiums in 90803

Condominium prices in Long Beach have fluctuated a lot in recent years. In May 2016, the median price of condos in Long Beach was $452,450, which is up 5% from the year prior in May.

Active listings have been increasing since March 2016 in 90803. There were 38 active listings in May 2016, which is an 8.6% increase from the year prior in May.

Condominium inventory in Long Beach is lower than the supply of single family homes. In May 2016 there was a 2.9 month supply of condos. Compared to a year ago in May, inventory has not changed. However, in March 2016 there was just a 1.8 month supply, which is extremely low.

Recently Sold Homes and Homes in Escrow in 90803

$4,595,000
Single Family Home For Sale
Active Under Contract
4
BED
5
TOTAL BATHS
4,691
SQFT
6036 Lido Lane
Long Beach, CA 90803
Naples (NA) Subdivision
$2,750,000
Single Family Home For Sale
Active Under Contract
4
BED
5
TOTAL BATHS
4,364
SQFT
3040 E 1st Street
Long Beach, CA 90803
Bluff Park (BLF) Subdivision
$2,395,000
Single Family Home For Sale
Active Under Contract
4
BED
3
TOTAL BATHS
3,447
SQFT
11 67th Place
Long Beach, CA 90803
 
New Listing - 2 weeks online
$2,300,000
Single Family Home For Sale
Active Under Contract
4
BED
3
TOTAL BATHS
1,853
SQFT
359 Bay Shore Avenue
Long Beach, CA 90803
Belmont Park (BP) Subdivision
$2,100,000
Multi-Family For Sale
Active Under Contract
0.062
ACRES
LOS ANGELES
COUNTY
144 Ximeno Avenue
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
New Listing - 2 weeks online
$1,895,000
Multi-Family For Sale
Active Under Contract
0.0498
ACRES
LOS ANGELES
COUNTY
32 Argonne Avenue
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
New Listing - 4 weeks online
$1,599,000
Single Family Home For Sale
Active Under Contract
3
BED
4
TOTAL BATHS
2,299
SQFT
275 Saint Joseph Avenue
Long Beach, CA 90803
Belmont Heights (BH) Subdivision
$1,575,000
Single Family Home For Sale
Active Under Contract
3
BED
3
TOTAL BATHS
2,442
SQFT
121 Cordova
Long Beach, CA 90803
Naples (NA) Subdivision
$1,549,000
Single Family Home For Sale
Active Under Contract
4
BED
4
TOTAL BATHS
2,310
SQFT
5397 E Appian Way
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
$1,499,000
Single Family Home For Sale
Active Under Contract
3
BED
3
TOTAL BATHS
1,845
SQFT
2700 E 1st Street
Long Beach, CA 90803
 
New Listing - 4 weeks online
$1,495,000
Single Family Home For Sale
Active Under Contract
3
BED
3
TOTAL BATHS
2,159
SQFT
170 Santa Ana Avenue
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
$1,345,000
Single Family Home For Sale
Active Under Contract
3
BED
3
TOTAL BATHS
2,374
SQFT
3300 E 2nd Street
Long Beach, CA 90803
Bluff Park (BLF) Subdivision
$1,195,000
Single Family Home For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
2,400
SQFT
234 Belmont Avenue
Long Beach, CA 90803
Belmont Heights (BH) Subdivision
Price Change - 4 weeks ago
$1,175,000
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,974
SQFT
214 Loma Avenue
Long Beach, CA 90803
Bluff Park (BLF) Subdivision
$1,155,000
Single Family Home For Sale
Active Under Contract
4
BED
4
TOTAL BATHS
2,600
SQFT
6253 Majorca Circle
Long Beach, CA 90803
Bay Harbour (BYH) Subdivision
$1,099,000
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,642
SQFT
114 Argonne Ave.
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
$995,000
Townhouse For Sale
Active Under Contract
4
BED
4
TOTAL BATHS
2,068
SQFT
5426 Heron Bay
Long Beach, CA 90803
Spinnaker Cove (SC) Subdivision
Price Change - 3 weeks ago
$799,000
Single Family Home For Sale
Active Under Contract
3
BED
1
TOTAL BATHS
1,232
SQFT
178 Prospect Avenue
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
Price Change - a week ago
$787,000
Townhouse For Sale
Active Under Contract
2
BED
3
TOTAL BATHS
1,847
SQFT
471 Kakkis Drive #103
Long Beach, CA 90803
Bixby Village (BV) Subdivision
New Listing - 4 weeks online
$775,000
Townhouse For Sale
Active Under Contract
2
BED
3
TOTAL BATHS
1,981
SQFT
440 Providence Court #102
Long Beach, CA 90803
Bixby Village (BV) Subdivision

Bottom Line

The real estate market in 90803 is hot right now! Whether you’re looking to buy or sell, now is a great time. If you’re thinking about putting your condo on the market, now is an especially good time as inventory is fairly low. If you’re thinking about buying or selling, give us a call or fill out the form below and we’d be happy to help!

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